Can I have the Format of attachment (Details of LLP and/ or company in which partner/ designated partner are a director/ partner (It is mandatory to attach this detail in case any partner/ DP is a partner in any LLP and/ or director in any company)) of Form 11 of LLP i.e Annaul Return pursuant to rule 25(1) of Limited Liability Partnership Rules, 2009? Its very urgent.

Dear sir,

please guide me on the following issue.

My client is a private limited company got a proposal from a foreign company that they will invest in my client's company as seed investor by participating in equity shares. Guide me as to whether the issue will be u/s 62(1)(a)(iii) or 62(1)(c).And also guide me about the secretarial procedures to be followed.

Dear all



schedule II of Companies Act 2013 has specified the useful life of various assets. Based on that, every company will have to follow the procedure specified as per Schedule II.



Due to this change, following thing will happen



1. More Depreciation in current Year, as compared to earlier year(s).

2. Where the useful life of asset is already over as on 1 April 2014, then carrying value of such assets will have to be recognized (i.e. adjusted) against Retained Earnings.



My Queries are :



a. How one can justify the extra charge of depreciation in current year, this is especially will be debated by Tax authorities in cases where the companies are falling under MAT.



b. as the carrying value of assets, (life of which is over as compared to life specified by Sch. II ) will be adjusted against Free Reserves.. it means, profit available for share holders will get reduced.. how the companies are tackling this issue. this will be very crucial in case of Listed Companies.




c. one more query... Sch. II mentions that Where useful life or residual value of the assets, which is different from the above limits, , the financial statements shall disclose such difference and provide Justification in this behalf duly supported by technical advice.




my query in point "c" above is that, who is technical expert? e.g. the life specified as per Sch. II for IT equipments (othe than Server ) is 3 years.. where as in reality, we use say laptop for more that even 5 years... in that case, can we keep ADVICE from our IT head (who is expert in his own field) and say this is a Technical advice?



request you all to advice on these 3 queries.



thanks and advance for your advice.



best regards

CA Narendra Wadadekar

Dear Sir,

Can a Qualified Chartered Accountant can get exemptions in CS exams ???

Respected,

If any Pvt Ltd company accepts amount from public in monthly installments and in return promises to give some piece of land property.
1. Whether this type of acceptance comes under purview of acceptance of deposit?
2. If company doesn't own any Land and still accepting advances from public. What will be the consequences?

Company is accepting advances as consideration for property from last 5 years but have not at all given any property to the said depositors.

Please advice and is possible mail on jnjfincon@yahoo.in

Thanks in advance..

Public Company can be a subsidiary of Private company?
If yes, then status of public company remains as public company or private company?

I have come to know that, per meeting we can pay minimum Rs 1,00,000/= on account of sitting fees to a Non-Executive Director. It means that a sum of Rs 4,00,000/= yearly can be paid to a non-executive director of a private limited company.

10% TDS shall be deducted u/s 194-J.

Sir Am I right ?

I want to know what is the fees structure of filing of Form 23AC, 23ACA and 20B. I am also curious to know about late fees and penalties on same.

Respected Ld. Members,

A Company is considering CSR activities as per the mandatory requirement of Sec.135. For that it want to incorporate a charitable trust in which the trustees will be the directors of the company who will carry on the activities for society in the form of providing awareness in rural areas about education, free health check up camps, giving money for the education of unprivileged children etc. the company will donate 2% of its average profit into this Trust. want to know is it valid compliance as per CA, 2013. In my personal view as per the CSR rules, it can be a duly compliance of law. Further, I also want to know what should be kept in mind while incorporating a Trust. Pls suggest your valuable thoughts.

Many Thanks

Is there any requirement for LLP to make consolidated financial statement if it is holding more than 50% shares in other company???